secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001628280-23-040993
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Q4 digital revenue up 14% to $73M, raises long-term subscriber target to 1.2M
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- Q4 total operating revenue $164M; digital revenue $73M (44% of total), up 14% YoY.
- Digital-only subscribers 721,000 (+36% YoY); digital-only subscription revenue up 68% same-store.
- Adjusted EBITDA $30M in Q4; FY24 guidance $83-90M, implying up to +6% YoY growth.
- Long-term digital subscriber outlook raised to 1.2M (+33%); digital subscription revenue target ~$150M.
- Debt $456M at 9% fixed rate, 25-year maturity, no principal payments, no financial covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000162828023040993/0001628280-23-040993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000162828023040993/lee-20231207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-040993

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer